v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (693,165) $ (294,043)
Adjustments to reconcile net income(loss) to net cash provided by (used in) operating activities:    
Amortization of intangibles 96,980 108,402
Loss (gain) on extinguishment of debt (2,551,613) 931,434
Loss (gain) on foreign currency transaction 7,806 (19,992)
Stock issued for services 84,702
Change in fair value of derivatives 1,829,976 (2,820,002)
Recognition of intrinsic value of beneficial conversion feature 348,261
Amortization of debt discounts on convertible notes 657,406 14,530
Origination interest on convertible notes payable 311,349
Equity losses from investee 140,479
Changes in operating assets and liabilities:    
Accounts receivable (55,937) 403,745
Prepaid expenses 1,194 68,367
Deposits 400,000
Inventory (8,889) (3,661)
Billings in excess 56,947 61,114
Deferred revenue 44,550
Accrued interest 89,715 222,932
Accrued interest - related party 17,047 6,472
Related party payables 308,688 (1,006)
Accounts payable and accrued expenses (77,486) 218,358
Net cash provided by (used in) operating activities 303,849 (399,189)
CASH FLOW FROM INVESTING ACTIVITIES    
Loans to affiliates (609,566)
Cash acquired in acquisition 18,029
Net cash provided (used in) by investing activities (609,566) 18,029
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable (8,737)
Proceeds from convertible notes payable 75,000
Repayment of convertible debentures (471,390) (128,869)
Net cash provided by (used in) financing activities (471,390) (62,606)
Net increase (decrease) in cash (777,107) (443,766)
Cash at beginning of period 1,929,832 590,850
Cash at end of period $ 1,152,725 $ 147,084